Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
RAEBURN E BARNES TRUST
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 499   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SIDNEY, OH45365
A Employer identification number

34-6639060
B Telephone number (see instructions)

(937) 492-6191
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$8,150,080
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 242 242  
4 Dividends and interest from securities...... 76,318 76,318  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 662,007
b Gross sales price for all assets on line 6a 1,951,943
7 Capital gain net income (from Part IV, line 2)... 662,007
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 140,906 140,906  
12 Total. Add lines 1 through 11........ 879,473 879,473  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,667      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 2,350 2,350    
c Other professional fees (attach schedule).... 71,785 59,820 11,965  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 20,433 1,344    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 51,013 49,014 1,999  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 176,248 112,528 13,964 0
25 Contributions, gifts, grants paid........ 1,000 1,000
26 Total expenses and disbursements. Add lines 24 and 25 177,248 112,528 13,964 1,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 702,225
b Net investment income (if negative, enter -0-) 766,945
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 274,437 491,484 491,484
2 Savings and temporary cash investments.......... 98,476 98,582 98,582
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet4,627,705
Less: allowance for doubtful accounts bullet   4,764,935 Click to see attachment4,627,705 4,627,705
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,351,887 Click to see attachment1,968,474 2,910,437
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet19,985
Less: accumulated depreciation (attach schedule) bullet19,985      
15 Other assets (describe bullet) Click to see attachment16,157 Click to see attachment21,872 Click to see attachment21,872
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,505,892 7,208,117 8,150,080
Liabilities 17 Accounts payable and accrued expenses.......... 60,154 60,154
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 60,154 60,154
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 6,445,738 7,147,963
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 6,445,738 7,147,963
31 Total liabilities and net assets/fund balances (see instructions).. 6,505,892 7,208,117
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 6,445,738
2 Enter amount from Part I, line 27a..................... 2 702,225
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 7,147,963
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 7,147,963
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b) How acquired
P—Purchase
D—Donation
(c) Date acquired
(mo., day, yr.)
(d) Date sold
(mo., day, yr.)
1 a ABBOTT LABS P 2014-02-07 2014-07-25
b CONOCOPHILLIPS P 2010-05-07 2014-07-25
c ISHARES CORE S&P SMALL CAP P 2013-04-16 2014-07-25
d PNC FINANCIAL P 2013-10-18 2014-07-25
e SALESFORCE 0.75 P 2014-10-30 2014-12-23
ABBOTT LABS P 2008-10-28 2014-07-25
DEERE & CO P 2011-08-18 2014-07-25
ISHARES CORE S&P MID CAP P 2013-04-16 2014-07-25
PRAXAIR INC P 2012-06-01 2014-07-25
SALIX PHARM 1.5 P 2014-10-30 2014-11-07
ABBVIE INC P 2010-05-07 2014-07-25
EMC CORP MASS P 2013-08-12 2014-07-25
ISHARES MSCI EMERGING MKT P 2008-10-28 2014-07-25
PROCTOR & GAMBLE P 2008-07-23 2014-07-25
SPANISON LLC P 2014-10-30 2014-10-31
ACCENTURE PLC P 2008-10-28 2014-07-25
EMC CORP MASS P 2010-11-15 2014-07-25
JOHNSON & JOHNSON P 2011-11-22 2014-07-25
QUALCOMM INC. P 2011-04-18 2014-07-25
SPANISON LLC P 2014-10-30 2014-12-02
ALLIANCE DATA P 2013-03-27 2014-07-25
EXPEDITORS INTL. WASH P 2007-12-03 2014-07-25
JOHNSON & JOHNSON P 2008-01-09 2014-07-25
QUALCOMM INC. P 2009-04-22 2014-07-25
AMERICAN EXPRESS P 2013-10-18 2014-07-25
EMERSON ELECTRIC P 1999-01-21 2014-02-17
JOHNSON CONTROLS INC P 2011-06-09 2014-07-25
ST JUDE MEDICAL INC P 2008-04-25 2014-07-25
APPLE INC P 2012-12-17 2014-07-25
FED EX CORP P 2009-10-21 2014-07-25
JOHNSON CONTROLS INC P 2010-11-15 2014-07-25
US BANK NEW P 2013-10-18 2014-07-25
BORG WARNER P 2012-04-10 2014-07-25
FRANKLIN RESOURCES P 2013-08-12 2014-07-25
MCDONALDS CORP P 2008-10-28 2014-07-25
US BANK NEW P 2009-04-22 2014-07-25
BORG WARNER P 2013-10-18 2014-07-25
GENERAL MILLS INC P 2010-07-27 2014-07-25
MEDTRONICS P 2008-01-09 2014-07-25
UNITED TECHNOLOGIES P 2009-10-21 2014-07-25
IBM P 1996-07-19 2014-02-07
HOME DEPOT INC P 2009-07-29 2014-07-25
MERCK & CO P 2014-02-07 2014-07-25
WAL-MART STORES INC P 2009-04-22 2014-08-08
CARDINAL HEALTH P 2010-11-15 2014-07-25
HOSPRIA INC P 2010-05-07 2014-07-25
MERCK & CO P 2010-07-27 2014-07-25
WALT DISNEY CO P 2013-03-27 2014-07-25
CATERPILLAR INC P 2011-04-18 2014-07-25
INTEL CORP P 2011-04-18 2014-08-08
METLIFE INC P 2012-04-03 2014-08-08
AIRTRAN HOLDINGS 5.25 P 2014-10-30 2014-11-18
CHEVRON CORP P 2011-11-22 2014-07-25
INTEL CORP P 2008-10-28 2014-08-08
MICROSOFT P 2008-04-25 2014-07-25
CUBIST PHARM 1.875 P 2014-10-30 2014-12-08
CISCO SYSTEMS P 2011-04-18 2014-07-25
ISHARES CORE S&P MID CAP P 2010-11-15 2014-07-25
OCCIDENTAL PETROLEUM P 2014-02-07 2014-07-25
HELIX ENERGY 3.25 P 2014-10-30 2014-11-14
CONOCOPHILLIPS P 2011-04-18 2014-07-25
ISHARES CORE S&P SMALL CAP P 2013-08-12 2014-07-25
ORICLE CORP P 2008-07-23 2014-07-25
MEDIVATION 12.625 P 2014-10-30 2014-11-18
(e) Gross sales price (f) Depreciation allowed
(or allowable)
(g) Cost or other basis
plus expense of sale
(h) Gain or (loss)
(e) plus (f) minus (g)
a 17,176   14,676 2,500
b 17,226   8,457 8,769
c 54,174   41,922 12,252
d 42,390   37,175 5,215
e 8,303   8,681 -378
25,763   14,718 11,045
21,633   19,694 1,939
87,969   68,076 19,893
26,017   20,765 5,252
4,322   6,754 -2,432
32,429   15,960 16,469
14,480   13,485 995
44,791   34,697 10,094
55,876   43,309 12,567
6,180   5,450 730
56,345   19,766 36,579
28,959   21,520 7,439
15,337   9,454 5,883
19,055   13,110 5,945
6,237   4,088 2,149
53,976   31,688 22,288
36,480   33,344 3,136
51,124   33,875 17,249
30,488   16,251 14,237
46,145   39,790 6,355
25,751   4,480 21,271
28,136   20,354 7,782
33,429   22,261 11,168
32,973   24,534 8,439
30,414   16,126 14,288
27,651   20,953 6,698
8,550   7,546 1,004
26,253   16,238 10,015
22,993   21,436 1,557
47,870   26,510 21,360
34,201   15,766 18,435
19,690   15,806 3,884
15,867   10,626 5,241
37,784   29,960 7,824
32,706   19,830 12,876
26,295   3,698 22,597
81,028   27,134 53,894
14,585   13,420 1,165
22,248   14,883 7,365
36,124   17,445 18,679
15,528   15,658 -130
29,169   17,660 11,509
34,584   22,590 11,994
26,145   24,254 1,891
16,445   9,769 6,676
51,182   37,761 13,421
2,787   2,505 282
23,395   16,982 6,413
49,336   25,596 23,740
48,972   30,320 18,652
14,928   12,898 2,030
41,360   26,148 15,212
52,781   31,822 20,959
40,193   35,461 4,732
1,261   1,267 -6
17,226   11,950 5,276
10,835   9,745 1,090
48,696   25,798 22,898
6,329   6,041 288
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69
(k) Excess of col. (i)
over col. (j), if any
a       2,500
b       8,769
c       12,252
d       5,215
e       -378
      11,045
      1,939
      19,893
      5,252
      -2,432
      16,469
      995
      10,094
      12,567
      730
      36,579
      7,439
      5,883
      5,945
      2,149
      22,288
      3,136
      17,249
      14,237
      6,355
      21,271
      7,782
      11,168
      8,439
      14,288
      6,698
      1,004
      10,015
      1,557
      21,360
      18,435
      3,884
      5,241
      7,824
      12,876
      22,597
      53,894
      1,165
      7,365
      18,679
      -130
      11,509
      11,994
      1,891
      6,676
      13,421
      282
      6,413
      23,740
      18,652
      2,030
      15,212
      20,959
      4,732
      -6
      5,276
      1,090
      22,898
      288
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 662,007
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . .
Bracket 3 31,160
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in)
(b)
Adjusted qualifying distributions
(c)
Net value of noncharitable-use assets
(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 719,752 1,556,916 0.462293
2012 917,567 1,322,489 0.693818
2011 840,668 1,314,120 0.639719
2010 807,527 2,214,656 0.364629
2009 757,026 2,002,913 0.377962
2 Total of line 1, column (d) ...................... 2 2.538421
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years
. . .
3 0.507684
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 3,365,685
5 Multiply line 4 by line 3....................... 5 1,708,704
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,669
7 Add lines 5 and 6......................... 7 1,716,373
8 Enter qualifying distributions from Part XII, line 4.............. 8 774,584
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 15,339
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 15,339
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,339
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 17,180
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,180
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,841
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,841 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
  • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.BRIGHT.NET/~BARNESTR
    14
    The books are in care ofbulletSTAN EVANS Telephone no.bullet (937) 492-6191
    Located atbulletPO BOX 499SIDNEYOH ZIP+4bullet45365
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2014, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation
    (If not paid, enter
    -0-)
    (d) Contributions to
    employee benefit plans
    and deferred compensation
    (e) Expense account,
    other allowances
    THOMAS WATKINS TRUSTEE
    2.00
    10,222 0 0
    619 GRUNLAND PLACE
    SIDNEY,OH45365
    STANLEY R EVANS TRUSTEE
    2.00
    10,222 0 0
    2340 RAVENWOOD TR
    SIDNEY,OH45365
    NORMAN P SMITH TRUSTEE
    2.00
    10,223 0 0
    666 WINDING RIDGE
    SIDNEY,OH45365
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation
    (e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 WILSON MEMORIAL HOSPITAL BEQUEST 1,000
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 STUDENT LOANS 773,584
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet773,584
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    2,935,450
    b
    Average of monthly cash balances.......................
    1b
    481,489
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,416,939
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    3,416,939
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    51,254
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,365,685
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    168,284
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,000
    b
    Program-related investments—total from Part IX-B..................
    1b
    773,584
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    774,584
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    774,584
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2013
    (c)
    2013
    (d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 774,584
    a Applied to 2013, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
     
    c Treated as distributions out of corpus (Election
    required—see instructions).........
     
    d Applied to 2014 distributable amount.....  
    e Remaining amount distributed out of corpus 774,584
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 774,584
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........
     
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
     
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
     
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
     
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........
     
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
     
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...
     
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......
     
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........
    Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....
    774,584 719,752 919,873 841,825 3,256,034
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........
             
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
    774,584 719,752 919,873 841,825 3,256,034
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
             
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...
    112,189 51,897 44,083 43,804 251,973
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....
             
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
             
    (3) Largest amount of support
    from an exempt organization
             
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
     
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORM AVAILABLE UPON REQUEST
    cAny submission deadlines:
    MARCH 31ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESIDENTS OF SHELBY COUNTY OR RESIDENTS OF A SHELBY COUNTY SCHOOL DISTRICT ARE ELIGIBLE TO APPLY. PROCEEDS MUST BE USED FOR EDUCATIONAL PURPOSES.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    Foundation
    status of
    recipient
    Purpose of grant or
    contribution
    Amount
    Name and address (home or business)
    aPaid during the year
    WILSON MEMORIAL HOSPITAL
    WILSON MEMORIAL HOSPITAL
    915 W MICHIGAN AVE
    915 W MICHIGAN AVE
    SIDNEY,OH45365
    NONE PAID SPECIFIC BEQUEST IN WILL OF R. BARNE 1,000
    Total .................................bullet 3a 1,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............
        14 242  
    4 Dividends and interest from securities....     14 76,318  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............
             
    7 Other investment income.....         140,906
    8
    Gain or (loss) from sales of assets other than inventory .............
        18 634,351 27,656
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   710,911 168,562
    13Total. Add line 12, columns (b), (d), and (e)..................
    13879,473
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    7 PROVIDING LOANS FOR EDUCATIONAL PURPOSES.
    8 PROVIDING LOANS FOR EDUCATIONAL PURPOSES
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







    Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN PREPARATION & RESEARC 2,350 2,350    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 DepreciationSchedule
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)
    Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LOAN ACCOUNTING SOFTWARE 2003-07-15 19,985 19,985   3.0000        

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
        PURCHASE                

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES    
    ACCENTURE PLC IRELAND    
    APPLE INC.    
    ABBVIE INC.    
    ALLIANCE DATA SYSTEMS    
    AMERICAN EXPRESS CO    
    BORG WARNER INC.    
    CARDINAL HEALTH INC.    
    CATERPILLAR INC.    
    CHEVRON CORP.    
    CISCO SYSTEMS INC.    
    CONOCOPHILLIPS    
    DEERE & COMPANY    
    DISNEY WALT COMPANY    
    EMC CORP MASS    
    EXPEDITORS INT'L OF WASHINGTON    
    FEDEX CORPORATION    
    FRANKLIN RESOURCES INC    
    JOHNSON CONTROLS INC.    
    GENERAL MILLS INC    
    PNC FINANCIAL SERVICES    
    PRAXAIR INC    
    HOME DEPOT INC    
    HOSPRIA INC    
    INTEL CORPORATION    
    JOHNSON & JOHNSON    
    ISHARES EMERGING MARKET    
    MEDTRONIC INC.    
    ORACLE CORPORATION    
    MICROSOFT CORPORATION    
    SAINT JUDE MEDICAL INC.    
    PROCTER & GAMBLE CO.    
    MCDONALDS CORPORATION    
    QUALCOMM INC    
    U S BANCORP    
    UNITED TECHNOLOGIES CORP    
    WAL-MART STORES INC    
    ISHARES S&P MIDCAP    
    METLIFE INC    
    MERCK & CO. INC    
    ISHARES S&P SMALL CAP    
    CALAMOS EVOL WORLD GROWTH 148,020 135,968
    DELAWARE SM CAP 153,719 156,735
    EAGLE MLP STRATEGY 71,045 61,916
    MFS INTL VALUE 420,581 407,985
    VICTORY 118,639 114,340
    OPPENHEIMER 293,116 283,688
    VAN ECK GLOBAL 70,447 56,221
    PENN CAPITAL 224,700 222,791
    TOUCHSTONE MID CAP 282,616 294,277
    BRISTOL MEYERS SQUIBB 47,296 89,091
    COCA COLA 10,621 128,516
    COLGATE PALMOLIVE 14,435 97,377
    EMERSON ELECTRIC 31,469 162,755
    EXXON CORPORATION 8,246 140,720
    GENERAL ELECTRIC 39,210 152,918
    IBM 18,802 113,718
    JP MORGAN CHASE 3,306 220,487
    VERIZON 12,206 70,934

    TY 2014 LandEtcSchedule2
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    SOFTWARE 19,985 19,985    
    ACCUMULATED DEPRECIATION        


    TY 2014 OtherAssetsSchedule
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED YEAR END INTEREST 16,157 21,872 21,872


    TY 2014 OtherExpensesSchedule
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    EDUCATION LOAN FUND ADMINISTR 36,020 36,020    
    INSURANCE 1,999   1,999  
    OFFICE SUPPLIES & EXPENSE 4,861 4,861    
    POSTAGE 1,829 1,829    
    COMPUTER SERVICE & EXPENSE 3,198 3,198    
    LOAN INCENTIVES & ADJUSTMENTS 2,957 2,957    
    UTILITIES 179 179    
    MISCELLANEOUS ADJUSTMENTS -30 -30    


    TY 2014 OtherIncomeSchedule2
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INTEREST ON STUDENT LOANS 140,906 140,906  


    TY 2014 OtherNotesLoansRcvblShortSch2
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Name of 501(c)(3) Organization Balance Due
     
     
    347,026
     
     
    2,035,096
     
     
    2,245,583


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 23,927 23,927    
    PROFESSIONAL SERVICES 47,858 35,893 11,965  


    TY 2014 TaxesSchedule
    Name:
    RAEBURN E BARNES TRUST
    EIN: 34-6639060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,344 1,344    
    EXCISE TAXES 19,089